Will 30-year fixed mortgage interest rates fall below 3.5% again?

Lest I be accused of only talking about mortgage interest rates when they are falling....

As you'll see above, interest rates have generally been on the rise since the beginning of the year.  After staying below 3.5% between September 2012 and January 2013, they have now edged back up. 

These mortgage interest rates are, of course, still unbelievably low -- both over the long-term (the past year's rates are the lowest ever) --- as well as in the short term (rates are 0.5% lower than a year ago).

If you are considering a home purchase this spring or summer, now might be an excellent time to become pre-approved, find a house and lock in an ultra-low mortgage interest rate!